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The firm has total assets of $2,500,000, total liabilities of $1,500,000, preferred stock obligation of $75,000, and 100,000 shares of common stock outstanding. What is

The firm has total assets of $2,500,000, total liabilities of $1,500,000, preferred stock obligation of $75,000, and 100,000 shares of common stock outstanding. What is the firm's book value (or net worth) per share? (Enter the dollar sign and commas, as appropriate)

$10

$9.25

$24.25

$6.50

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